Sure, he's the richest man on Earth, but his annual salary hasn't increased since 1997.
Jeff Bezos is the richest person in the world and runs the third-largest company by market capitalization in America, so there’s a good chance he doesn’t much care that his “low” base salary, which is just a little more than double that of Amazon.com Inc.’s median U.S. employee, hasn’t changed since the company went public.
“We believe that all company-incurred security costs are reasonable and necessary and for the company’s benefit, and that the amount of the reported security expenses for Mr. Bezos is especially reasonable in light of his low salary and the fact that he has never received any stock-based compensation,” the company stated in the proxy statement.
Amazon’s stock surged more than 4% Thursday, for its third-straight record close, as the company benefited from a surge in e-commerce demand with the COVID-19 pandemic resulting in stay-at-home mandates.Also read: Need more to stream? Amazon adds some free HBO content, no Prime Video required. For all of Amazon’s global compensated workforce other than Bezos, the median compensation last year was $28,848, making the CEO pay ratio 1 to 58.
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